Regarding grant 100% exemption to M/s Varun Beverages Limited, Plot No. 31, Institutional Area, Sect

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No. 42 ] CHANDIGARH, FRIDAY, OCTOBER 16, 2020 (ASVINA 24, 1942 SAKA)

PART I

Punjab Government Notifications and Orders

GOVERNMENT OF PUNJAB

DEPARTMENT OF POWER

(ENERGY BRANCH)

NOTIFICATION

The 25th August, 2020

No.10/15/2020-EV4/1752.- In exercise of the powers conferred by section 12 of the Punjab Electricity (Duty) Act, 2005 (Punjab Act No. 9 of 2005), and all other powers enabling him in this behalf, the Governor of Punjab is pleased to grant 100% exemption to M/s Varun Beverages Limited, Plot No. 31, Institutional Area, Sector-44, Gurgaon, Haryana having its manufacturing unit located at Plot No.A- 7, B-11, B-11A, C-31 Industrial Growth Centre, Pathankot from the payment of electricity duty (except Social Security Fund) for a period of fifteen years as an Anchor unit in the terms of Detailed Scheme and Operational Guidelines, 2018 (Industrial and Business Development Policy, 2017) in public interest and subject to the following conditions, namely:-

CONDITIONS

(i) the exemption shall be granted to the said Firm for its Aerated Drinks, Other Non- Alcoholic Beverages, Mineral Water as per the conditions contained in the Eligibility Certificate issued by the Convener-cum-Additional Director (Incentive), State Level Committee vide Endorsement .No. Inc/FI/IBDP/25/Varun/Btl./745-B dated the 24th February, 2020;

(ii) this exemption shall be granted for the period from the 26th February, 2019 to the 25th February, 2034 as per the Eligibility Certificate dated the 24th February, 2020.

(iii) in the event of any revision of rate of electricity duty at any subsequent point of time the exemption to the extent of revised levied rate of electricity duty (except contributions out of electricity duty e. g. Social Security Fund etc.) shall be applicable to the Unit.

(iv) the usage of the power by the Firm during the aforesaid period shall be regulated through a transparent metering arrangement installed/ approved by the Punjab State Power Corporation Limited or Chief Electrical Inspector to record the consumption of the Unit under exemption;

that residential area, which shall be excluded from the total electricity consumption of the Unit;

(vi) It shall be ensured that the Firm does not connect the load of any other Unit with this Unit for the purpose of availing exemption from electricity duty;

(vii) the exemption shall be strictly in accordance with the Eligibility Certificate issued by the Convener- cum-Additional Director (Incentive),State Level Committee vide Endorsment No. Inc/FI/IBDP/ 25/Varun/Btl./745-B, dated the 24th February, 2020;

(viii) in case any excess claimed exemption is detected at any point of time, it shall be liable for recovery, and penal action.

To ensure the compliance of the above conditions and proper utilization of the incentive, the Officer/ Senior Auditors of the Office of the Chief Electrical Inspector may inspect the units at any time. In case, any violation of any of the provisions of the said Act or the rules made thereunder and the above conditions, is detected, the owner of the Unit shall be liable for action under section 8 of the said Act or the rules made thereunder and exemption shall be automatically cease for which the supplier and owner of the Unit shall be responsible.

Sd/-

ANIRUDH TEWARI

Chandigarh Additional Chief Secretary to Government of Punjab, The 14th August, 2020

Department of Power

2125/10-2020/Pb. Govt. Press, S.A.S. Nagar